Stress Tests Are Over. The Stress Isn’t.
Editor | May 11, 2009 | Comments 0
THE beginning of the end of the banking crisis or merely the end of the beginning? Skip to next paragraph Related Times Topics: Gretchen Morgenson That is what inquiring Americans want to know after last week’s pronouncement that 10 of the nation’s biggest banks must raise $75 billion by November if regulators are going to give them a clean bill of health. Bank of America, Wells Fargo, GMAC and Citigroup are the neediest institutions, said government stress testers. Nine others, including Bank of New York Mellon, American Express and U.S. Bancorp, were deemed healthy. “The results released today should provide considerable comfort to investors and the public,” Ben Bernanke, the chairman of…
Filed Under: Business News
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